Brian Bares - Bares Capital Management 13F Activity & Position Changes (Q1 2017)

According to the SEC 13F filed on Nov 14, 2025, the Bares Capital Management portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2017. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2017, the filing reported:

New Buys - None reported
Reductions - Gartner, Inc.
Complete Exits - None reported

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date Symbol Type Change Qty
Q1 2017
ALRM
Alarm.com Holdings, Inc.
Buy
+919,682
Q1 2017
ANSS
ANSYS, Inc.
Buy
+43,402
Q1 2017
BOX
Box, Inc.
Buy
+157,644
Q1 2017
CRMT
America's Car-Mart, Inc.
Buy
+16,745
Q1 2017
CSGP
CoStar Group, Inc.
Buy
+81,722
Q1 2017
FAST
Fastenal Company
Buy
+402,649
Q1 2017
FDS
FactSet Research Systems Inc.
Buy
+87,766
Q1 2017
IBKR
Interactive Brokers Group, Inc.
Buy
+788,086
Q1 2017
IT
Gartner, Inc.
Sell
-178,816
Q1 2017
MKL
Markel Group Inc.
Buy
+17,922
Q1 2017
UA
Under Armour, Inc.
Buy
+3,271,535
Q1 2017
VRSK
Verisk Analytics, Inc.
Buy
+169,923
Q1 2017
WAT
Waters Corporation
Buy
+126,728